The Social Security Fairness Act has finally been signed into law, bringing a much-needed of over 3 millions of retirees set to receive higher Social Security benefits. This change is especially important for public employees who rely on pensions but were previously impacted by benefit reductions. While the law is a major victory, its implementation … Read more
If you receive Social Security benefits, you might have noticed a small increase in your monthly payment. This is due to the 2025 Cost-of-Living Adjustment (COLA), which went into effect in January. The 2.5% increase aims to help beneficiaries keep up with rising prices. Although the increase is smaller than in previous years, it still … Read more
Planning for the future isn’t easy, and Retirement Savings Challenges for Americans have made it even harder to secure a stable financial future. Many workers struggle with balancing daily expenses while trying to build a sufficient retirement fund, often falling short of recommended savings goals. Understanding these challenges is crucial to making smarter financial decisions. … Read more
As your child approaches adulthood, the Child Tax Credit (CTC) that has been helping with your family’s expenses gradually disappears. When your child turns 17, you can no longer claim this credit, which might feel like a financial setback. But don’t worry there are other ways to manage this change and still get the financial … Read more
No matter how much you earn, you probably want to keep as much of your income as possible. The good news is that there are 3 smart ways to reduce your taxes legally, allowing you to save more money while staying compliant with IRS rules. Here’s how you can lower your tax bill this year. … Read more
Some Americans who rely on Supplemental Security Income (SSI) will see a small but important change in SSI payment date for March 2025. Instead of arriving on March 1, the check will be sent a day earlier—on February 28, 2025. This change may seem minor, but getting the payment a day early can be a … Read more
The Social Security Administration (SSA) has made it easier than ever to apply for benefits online. Through the official website, SSA.gov, individuals can access various programs, including five benefits you can apply for on the Social Security website: retirement, disability, Supplemental Security Income (SSI), Medicare, and prescription drug assistance. If you’re looking to apply for … Read more
If you rely on Social Security, you might have a little extra to smile about this Valentine’s Day. On February 12, 2025, some retirees will receive a higher Social Security payment, giving them a small boost in their monthly budget. This increase is due to the annual Cost of Living Adjustment (COLA) for 2025. While … Read more
The Office of Personnel Management (OPM) is now allowing federal agencies to offer early retirement for federal employees, also known as the Voluntary Early Retirement Authority (VERA). This move comes as part of the administration’s plan to provide “deferred resignations” for most federal employees. Agencies are also requesting flexibility to accept resignations beyond the September … Read more
With the rising cost of living, SSDI & Social Security Payments in 2025 are increasing. Due to a 2.5% Cost-of-Living Adjustment (COLA), some beneficiaries may receive up to $3,250 or more per month. Understanding eligibility, payment calculations, and schedules can help ensure you receive the maximum benefits. Key Highlights of SSDI & Social Security Payments … Read more